What move does the options market price into StepStone's report?

Implied ±8.1%, either direction.

How often does StepStone move more than the options market prices?

0 of the last 8 reports moved at least as far as the implied move.

STEPNasdaqInvestment Advice

StepStone Group Inc. (STEP) earnings date, market-implied expected move, and options open interest by expiry

44.15

−0.68 · −1.52%

post 44.15 0.00%

After hours16:00 ETdelayed

Open44.95Volume711,539Mkt cap$5.4BEPS-7.70Div yield3.21%

Day44.03 – 44.9513%52-wk38.60 – 75.3915%

STEP

StepStone Group Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±8.1%implied · report alone

8Q avg ±3.9%·×2.06·rich

40.9148.09

straddle ±10.3%

spot 44.50exp Nov 20ATM strike 45ATM straddle 5.40IV 70%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 5

after close · in 2 days

est.Q2 FY27

Calendar

Next report

Last report

−7.79%

vs ±10.6% implied · ×0.73

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Largest filed tie

—

Supply chain

13F top-10 QoQ

−2.88%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

274 managers

Top fund weight

0.09%

STEP weight · IWM

N-PORTJun 30 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

StepStone (STEP) is expected to report on Nov 5 after close (estimated date).

Implied vs realized

8 reports

0 of 8≥ implied

avg implied: ±8.4%
avg realized: ±3.9%

Nov 7 '24Nov 7 '24confirmed±5.8%▲+4.90%×0.85

Feb 6 '25Feb 6 '25confirmed±7.0%▲+0.81%×0.12

May 22 '25May 22 '25confirmed±8.8%▲+3.54%×0.40

Aug 7 '25Aug 7 '25confirmed±6.7%▲+1.78%×0.27

Q2 FY26Nov 6 '25confirmed±8.5%▼−1.77%×0.21

Q3 FY26Feb 5 '26confirmed±8.5%▲+5.51%×0.65

May 20 '26May 20 '26confirmed±11.4%▲+5.27%×0.46

Q1 FY27Aug 6 '26confirmed±10.6%▼−7.79%×0.73

quarterimplied−15%0+15%realized×

Q1 FY27±10.6%▼−7.79%×0.73

May '26±11.4%▲+5.27%×0.46

Q3 FY26±8.5%▲+5.51%×0.65

Q2 FY26±8.5%▼−1.77%×0.21

Aug '25±6.7%▲+1.78%×0.27

May '25±8.8%▲+3.54%×0.40

2 older reports

Feb '25±7.0%▲+0.81%×0.12

Nov '24±5.8%▲+4.90%×0.85

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Oct 30 close

0.08OI · 3 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

370%Nov 2017d4850%

7810%Dec 1845d0.661,1900%0.66

1280%Mar 19136d0.0110,1770%0.01

ExpiryPutsCallsP/C

Nov 2017d370%4850%0.08

Dec 1845d7810%1,1900%0.66

Mar 19136d1280%10,1770%0.01

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±10.3%

Funds 4

IWM±0.0%

UWM±0.0%

VTI±0.0%

VT±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ1 FY27

−53.18%as filednet margin · revenue −71.51% QoQ

Revenue$320M−71.51%

Gross profit$320M100.00%−71.51%

Operating income−$263M−82.21%+57.67%

Pre-tax income−$200M−58112.21%

Net income−$170M−53.18%−2658.05%

Cost of revenue$0—

Operating expenses$584M−66.58%

Tax−$30M−326.67%

Other income$5M−91.06%

Source: SEC filings · standardized · QE Jun 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

PPI ×1.62· ±3.2% vs ±2.0% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±3.2%6 of 10×1.62

NFPjobs report±2.7%6 of 10×1.34

FOMCrate decision±2.2%11 of 24×1.11

PCEpersonal income & outlays±2.0%10 of 19×1.02

GDPgross domestic product±1.8%11 of 19×0.88

CPROFcorporate profits±1.6%6 of 12×0.78

CPIconsumer prices±1.3%4 of 10×0.64

Bar = avg |move| to ±4% · tick = ±2.0% avg day · ×base = |move| ÷ ±2.0% · min 6 releases

Earnings history

EPS -1.41 · consensus —

Quarter	Reported	EPS	Consensus
Q1 FY27	Aug 6 '26 · confirmed	-1.41	—
Q4 FY26	—	-0.08	—
Q3 FY26	Feb 5 '26 · confirmed	-1.55	—
Q2 FY26	Nov 6 '25 · confirmed	-4.66	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod